|Date Opened||3/28/2019 12:00:00 AM|
|Salary||$135,000 - $210,000/year|
|Job Type||Open to the Public|
|Close Date||5/3/2019 11:59:00 PM|
Are you a strategic senior investment leader who has considerable knowledge of risk management theory with regard to a multi-asset class portfolio?
The State of Connecticut Office of the State Treasurer is searching for a leader who has significant experience utilizing technology to assess and monitor risk and provide actionable strategies to mitigate risk and dampen overall portfolio volatility in any market environment. Applications are being accepted for the position of Chief Risk Officer (Principal Investment Officer – Risk Management) to work at our location in Hartford, CT (currently at 55 Elm Street). This position operates 40 hours per week, Monday - Friday. This is an unclassified position appointed in accordance with Section 3-13a of the General Statutes.
The Office of the State Treasurer exists to provide and ensure effective financial management of public resources, high standards of professionalism and integrity, and expanding opportunity for State of Connecticut residents and businesses.
The Pension Funds Management Division assists the State Treasurer, as principal fiduciary, in the administration of the $34 billion Connecticut Retirement Plans and Trust Funds (CRPTF). The CRPTF consists of six State Pension Funds and nine State Trust Funds. The funds are invested in a diversity of asset classes and exist to sustain 212,000 teachers, state and municipal employees, retirees and survivorships, as well as trust funds that support academic programs, grants and initiatives throughout the state.
The Chief Risk Officer (CRO) reports to the State Treasurer and the Chief Investment Officer (CIO) and has the primary responsibility for completing a variety of risk management projects and analyses. A key priority for the CRO is to develop an enterprise risk management system for the CRPTF that utilizes advanced risk management concepts and objectives suitable for a large, complex investment program. This role serves to provide an independent view of portfolio risk for the CRPTF.
Listed below are some of the key responsibilities:
All applicants must include a resume within the "Resume Tab" of their application with their submission. Please Note: You will be unable to make revisions once you submit your application for this posting to the JobAps system.
Should you have questions pertaining to this recruitment, please contact Alex Marcellino, Chief Operating Officer, at email@example.com or (860) 702-3005.
Directs the staff and operations of an investment program unit; monitors and reviews unit activities and evaluates performance of staff; coordinates, plans and manages unit activities; coordinates with the Chief Investment Officer to develop and implement policies through preparation and execution of investment strategies; develops and implements long and short term plans to achieve fiscal and economic integrity of State investment programs; conducts feasibility reviews and presents the merits and risks of investment opportunities to the Chief Investment Officer and Treasurer and makes recommendations; may present data relevant to assigned investment program to the Investment Advisory Council; maintains close contact with government and private sector officials (e.g., consultants, money managers, General Partners, external managers, clients of the Investment Division, etc.); monitors world and market events and other factors which could affect investment programs; performs research and analyses of economic indicators in investment markets to project trends and their impact on the investment programs; supervises or conducts periodic reviews of on-going investment programs and recommends adjustments or changes in strategy as required; monitors regulatory, legal, statutory and other rule-making entities for potential changes that may affect the investment landscape and prepares position statements, testimony, comment letters and investment recommendations as appropriate; initiates, supervises, conducts and/or coordinates due diligence of potential investments, external investment managers and vendors and makes the appropriate recommendations; supervises the maintenance of records; performs complex analysis of financial statements, investment valuations, and scenario modeling of investment holdings; prepares reports requested by the Treasurer, Deputy Treasurer, Chief Investment Officer, or Deputy Chief Investment Officer; performs related duties as required.
A. Recommends risk management strategies to meet policy objectives;
B. Manages risk exposure in line with the asset allocation plan;
C. Initiates and implements compliance programs to ensure that the CRPTF is in adherence to its investment policy and legal contracts;
D. Develops and implements best practices for Investment Risk Management;
E. Analyzes the general partner private equity limited partnerships, ensures transactions are properly posted to master custodian systems, performs performance attribution, compliance with capital call and distributions requests;
F. Performs complex holdings based and returns based modeling of CRPTF investment positions;
G. Performs “what if” scenarios for potential asset allocation changes to determine changes to the risk adjusted outcome.
RISK MANAGEMENT: A Bachelor's degree in Business Administration, Finance, Accounting, Economics or a closely related field and ten (10) years of progressively relevant investment experience with a public pension plan, foundation endowment, trust organization, investment banking firm or financial consulting firm with responsibility for the formulation and/or implementation of investment policy for substantial portfolios utilizing all major asset classes and strategies.
A Master's Degree in Finance, Accounting, Economics or a closely related field or a Chartered Financial Analyst (CFA), a Certified Public Accountant (CPA), or a Chartered Alternative Investment Analyst (CAIA) is preferred.
Preferences include a Bachelor’s degree in a quantitative field such as science, mathematics, engineering/computer science, quantitative finance, actuarial studies) with 10 years or more industry experience in risk management.
The successful candidate will demonstrate the following:
Additionally, the successful candidate will possess the following knowledge, skills and abilities:
Candidates should have a Bachelor’s degree in a quantitative field such as science, mathematics, engineering/computer science, quantitative finance, actuarial studies) with 10 year or more industry experience in risk management. An advanced degree in finance, economics, or a related field is preferred.
AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER
The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.
The State of Connecticut is an Affirmative Action/Equal Opportunity Employer and strongly encourages the application of women, minorities and persons with disabilities.